Saturday, May 2, 2026
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Tag: Manila Electric Co

Meralco’s profit climbed 14% to P18b in 9 months

Power retailer Manila Electric Co.  said Monday net income climbed 14.4 percent in the first nine months to P18.212 billion from P15.928 billion in...

Runaway inflation in other countries

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Palace acts on ERC

Malacañang said Thursday it would take necessary actions to formally suspend the four Energy Regulatory Commission officials today for allegedly tolerating the misuse of...

NGCP issues 4th yellow alert for Luzon grid

Grid operator National Grid Corporation of the Philippines has issued the fourth consecutive yellow alert for the Luzon power grid for four hours on...

Meralco unit unveils plan to build 500-MW solar projects

The power generation arm of Manila Electric Co. plans to build 500 megawatts of solar power projects, a top executive said. Meralco PowerGen Corp. president...

China’s proxy president?

President Rodrigo Duterte has raised eyebrows again. During a sendoff to a group of Filipino scientists to explore the Philippine Rise seabed, Duterte said...

Meralco’s profit up 10% to P5.3b in first quarter

Manila Electric Co., the country’s largest power retailer, said Monday consolidated net income rose 10.3 percent in the first quarter to P5.3 billion from...

Luzon power supply declared on yellow alert

National Grid Corp. of the Philippines placed Luzon on yellow alert Thursday because of thin power reserves amid high demand as temperature peaked this...

Power rates increased in March

Power retailer Manila Electric Co. said Friday power rates will increase by P0.85 per kilowatt-hour this month on higher generation charges and taxes and...

Meralco forms unit to operate electric vehicles

Power retailer Manila Electric Co. said it registered eSakay Inc. as a new subsidiary to engage in electric vehicles and other alternative energy sources. Meralco...

Wind energy firm offering P3.50 per kWh to Meralco

Power retailer Manila Electric Co. said Wednesday it received an offer of P3.50 per kilowatt-hour from a wind energy developer to supply 150 megawatts...

Higher power sales boosted Meralco’s 2017 income to 20b

Power retailer Manila Electric Co. said consolidated core income grew 3 percent in 2017 to P20.2 billion from P19.583 billion in 2016 on higher...

Tax reform to hike February power rates

Power rates of Manila Electric Co. are expected to increase in February on higher generation charges and following the implementation of the Tax Reform...

Rules on renewables costly

Power retailer Manila Electric Co. warned that consumers would shoulder more than P100 billion annually by 2030 under the government’s mandate of a 35-percent...
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